Samsi Regulated Market Committee, Malda V. ACIT, Circle - Malda, Malda

ITA 761/KOL/2011

• Counselvise Citation: 76123514 RSA 2011
• Duration Of Justice: 2 month(s) 14 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 01-08-2011
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: B
• Next Hearing Date: 01-08-2011
• Assessment Year: 2003-2004
• Appeal Filed On: 18-05-2011
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: S K ROY
• Assessee Lawyers: V K AGARWAL
• Section: 12A

Judgement Text

, , , , , , ,, , IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH : KOLKATA [ . . . . . . . . , ,, , , ,, , . . . . . .. . ! ! ! ! , ' ' ' ' ] [BEFORE HONBLE SHRI B. R. MITTAL, JM & HONBLE SHRI S.V. MEHROTRA, AM] #$ #$ #$ #$ / I.T.A NO. 761/KOL/2011 %& '() %& '() %& '() %& '()/ // / ASSESSMENT YEAR : 2003-04 SAMSI REGULATED MARKET COMMITTEE -VS.- ASSTT. COMMISSIONER OF INCOME TAX MALDA. [PAN : AAALS 0341 L] MALDA CIRCLE, MALDA. [ +, +, +, +, /APPELLANT ] ]] ] [ ./+, ./+, ./+, ./+,/ // / RESPONDENT ] ]] ] +, +, +, +, / FOR THE APPELLANT : SHRI V. K. AGARWAL ./+, ./+, ./+, ./+, / FOR THE RESPONDENT : SHRI S. K. ROY 0 /ORDER . . . . . .. . ! ! ! ! , ' ' ' ' PER S. V. MEHROTRA, A. M. THE ASSESSEE HAS PREFERRED THIS APPEAL FOR ASSESSM ENT YEAR 2003-04 AGAINST THE ORDER OF LD. CIT(A), JALPAIGURI DATED 16.03.2011 U/S. 250 OF THE INCOME TAX ACT. 2. THE ASSESSEE HAD FILED ITS RETURN OF INCOME SHOW ING TOTAL INCOME AT NIL. IN COURSE OF ASSESSMENT PROCEEDINGS, THE ASSESSEE HAD SUBMITTED THAT IT HAS FILED APPLICATION U/S. 12A TO THE CCIT, JALPAIGUIR AND IF THE SAME WAS GRANTED, THE I NCOME OF THE ASSESSEE WOULD BE EXEMPT FROM TAX. SINCE REGISTRATION WAS NOT GRANTED U/S. 12A TI LL THE DATE OF PASSING OF THE ASSESSMENT ORDER, ASSESSING OFFICER DID NOT ACCEPT THE ASSESSEES CON TENTION. BEFORE THE LD. CIT(A), IT WAS, INTER ALIA, SUBMITTED THAT ASSESSEE HAD BEEN GRANTED REGI STRATION U/S. 12A THOUGH THE SAME WAS NOT AVAILABLE ON THE DATE OF ASSESSMENT. LD. CIT(A) DI SMISSED THE ASSESSEES APPEAL, INTER ALIA, OBSERVING THAT NO APPEAL U/S. 246A LAY BEFORE HIM B ECAUSE EFFECT OF REGISTRATION WAS NOT DENIED BY THE ASSESSING OFFICER. ITA NO. 761/KOL/2011 2 3. AFTER HEARING THE BOTH THE PARTIES, WE SET ASIDE THE ORDER OF THE LD. CIT(A) AND RESTORE THE MATTER BACK TO THE FILE OF ASSESSING OFFICER TO DEC IDE THE ISSUE AS PER LAW AFTER CONSIDERING REGISTRATION GRANTED U/S. 12A OF THE ACT. 4. IN THE RESULT, THE APPEAL FILED BY THE ASSESSEE IS ALLOWED FOR STATISTICAL PURPOSES. 0 0 0 0 '1 '1 '1 '1 2 1% 3 4 2 1% 3 4 2 1% 3 4 2 1% 3 4 5' 5' 5' 5' ORDER PRONOUNCED IN THE OPEN COURT ON 01.08. 2011. SD/- SD/- [ . . . . . . . . , ,, , ] [ . . . . . .. . ! ! ! ! , ' ' ' ' ] [ B. R. MITTAL ] [ S.V. MEHROTRA ] JUDICIAL MEMBER ACCOUNTANT MEMBER ( (( (5' 5' 5' 5') )) ) DATED : 1ST AUGUST, 2011. 0 8 .9 :9(/ COPY OF THE ORDER FORWARDED TO: 1. +, /APPELLANT : SAMSI REGUALATED MARKET COMMITTEE, SA MSI, MALDA-732139. 2 ./+, / RESPONDENT : ASSTT. COMMISSIONER OF INCOME TAX, MALDA CIRCLE, INCOME TAX BUILDING, NE AR BICHITRA CINEMA, MALDA. 3. 0% / CIT, 4. 0% ()/ CIT(A), KOLKATA. 5. '3 .%/ DR, KOLKATA BENCHES, KOLKATA [/9 ./ TRUE COPY] 0%1/ BY ORDER, #A /ASSTT REGISTRAR [KKC 'BC %DA E' /SR.PS]